Last tax season, the IRS began accepting returns on January 23. This year the IRS set the date at January 29 to make sure that its key processing systems are ready, and to give it time to determine how late December’s Tax Cuts and Jobs Act will impact tax returns. Our office will begin preparing returns before January 29, and we then will submit the returns when IRS systems open. Although the IRS will begin accepting both electronic and paper returns on January 29, paper returns will start to be processed later in mid-February as system updates continue. The IRS said it will not issue refunds claiming the Earned Income Tax Credit and the Additional Child Tax Credit before mid-February.
Ying Sa, founder of CommunityCPA, opened the Immigrant Entrepreneur Summit (IES) in 2008. In 2017, nearly 1,000 immigrant entrepreneurs gathered in Ankeny, Iowa celebrated the Tenth Summit and the positive impact to the local community economy and employment. Please click the link to read more: http://ep.worldjournal.com/CH/2017-11-21/D01 大众会计事务所创始人萨婴在2008开启了移民企业家峰会。2017年，近千名移民创业者、企业家聚集在爱荷华州、安克尼市庆祝第十届峰会及峰会对当地社区经济和就业的积极影响。请点击以下链接阅读全文。http://ep.worldjournal.com/CH/2017-11-21/D01
To our dear clients with question regards to paying 2018 Property tax in 2017 and if there is any tax reform impact. The IRS allows us to deduct property taxes which includes both real estate taxes and personal property taxes. We can deduct on our federal income tax return as long as we itemize the deduction. However, we are only allowed to deduct property taxes that we actually paid during the tax year. So a couple of important points that we like to share are as follows: You must paid the property tax before the new year begins. The payment must be made to the tax authority and is gone from your bank at midnight of Dec 31, 2017. The property tax must be imposed on you. Not your son and not your mother in law. You can deduct the property tax for 2017 that is due in 2018. Be sure to read your tax assessment payment voucher to see if you are paying the property tax for 2017 or for 2018. If you have past due property taxes, then pay them all in before the end of this year. If the media tells you to pay 2018 property tax this year to save tax, then that is incorrect. You can only pay taxes for 2017
Community CPA, Proud Sponsor of the
2018 Immigrant Entrepreneurs Summit
FFA Enrichment Center, DMACC Ankeny Campus
1055 SW Prairie Trail Parkway,
Ankeny, IA 50023
Saturday, November 17, 2018
8:30a.m. to 5:30p.m.
Our audit and attest services team includes highly trained CPAs with extensive audit experiences. We provide audit and attest services to clients across industries inclu...
Reevaluating your tax structure is a smart thing to do because proper tax planning and business entity reorganization can save precious capital that can be used to expand your business.
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